(Adds futures, company news items)
* The UK blue chip index closed 0.3 percent higher on Friday at 6,954.21, recording its biggest weekly rise in five months, as it received a boost when Sky SKYB.L shares surged by more than 25 percent on a takeover approach from Twenty-First Century Fox FOXA.O . SKY: A major shareholder in British pay-TV company Sky will vote against Twenty-First Century Fox's $14 billion takeover bid, the investor told Reuters on Sunday, while another said it is unhappy about the offer. according to opposition politicians, Rupert Murdoch's new takeover approach for Sky should be investigated by the UK's competition authorities, though analysts said a deal should be easier to get through this time round. ASOS: British online fashion retailer ASOS ASOS.L said on Monday it planned to hire an additional 1,500 people over the next three years to work at its London headquarters. E2V: Imaging sensor provider E2V Technologies Plc E2V.L said on Monday that it had agreed on the terms of an all-cash takeover offer from U.S. firm Teledyne Technologies Inc TDY.N . JKX: JKX Oil and Gas Plc JKX.L said on Monday that Ukraine's proposed law to reduce the country's gas production tax to 12 percent from a maximum of 29 percent for new wells will help the company's investment plans. ASTRAZENECA: AstraZeneca's AZN.L immunotherapy drug durvalumab, the British drugmaker's most important pipeline medicine, has been accepted for review by U.S. regulators against bladder cancer, potentially its first use. IPF: Consumer credit lender International Personal Finance Plc IPF.L said on Friday it was assessing the hit on its profit from Poland's proposed rules to cap non-interest costs on consumer loans. FX MARKET: Hedge funds and speculative investors have pulled back from the $5 trillion a day global currency market and less risk-taking by banks as well as reduced trading on multi-player platforms is a risk to future financial stability, the Bank of International Settlements said on Sunday. UK ECONOMIC GROWTH: The British Chambers of Commerce nudged up its forecast for economic growth next year but downgraded the outlook for 2018 due to inflation pressures and ongoing uncertainty as Britain prepares to leave the European Union, it said on Monday. UK HOME SALES: Buoyant property sales in England and Wales in November show that the housing market has steadied after Britain's decision to leave the European Union and asking prices for homes look set to rise by 2 percent next year, property data firm Rightmove said. UK RETAIL SALES: Britain's retailers enjoyed their strongest monthly sales growth for 14 months in November, helped by a return to growth in the fashion sector for the first time since January, industry data showed on Saturday. UK RATING: Fitch Ratings affirmed the United Kingdom's long-term foreign and local currency issuer default ratings at 'AA', citing the sterling's international reserve currency status among others. BREXIT: Opponents to Britain leaving the European Union will launch a fresh legal action this week, which could further hamper Prime Minister Theresa May's Brexit plans, The Sunday Times reported. BREXIT: The European Parliament's Brexit negotiator will propose that Britons can have "associate citizenship" of the EU once their country leaves, but senior officials have dismissed the idea as an unworkable gimmick. BREXIT: Two major companies have contacted Paris authorities to discuss setting up offices with several thousand square meters of floorspace as they seek ways to keep an EU base after Brexit, officials in the French capital's municipality said. UK/SAUDI ARABIA: British Foreign Secretary Boris Johnson reiterated Britain's close ties to Saudi Arabia on a visit on Sunday and said candour was also important, days after making comments widely seen as critical of the conservative Gulf Arab country. OIL: Oil prices shot to their highest levels since mid-2015 on Monday after OPEC and other producers reached their first deal since 2001 to jointly reduce output in order to rein in oversupply and prop up markets. METALS: Copper futures edged higher on Monday, building on last week's strong Chinese economic figures, and bullish outlook by banks and analysts. For more on the factors affecting European stocks, please click on: cpurl://apps.cp./cms/?pageId=livemarkets
TODAY'S UK PAPERS
> Financial Times
> Other business headlines
PRESS/GB Multimedia versions of Reuters Top News are now available for:
* 3000 Xtra
: visit http://topnews.session.rservices.com
* For Top News : http://topnews.reuters.com
Add Chart to Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
- Enrich the conversation
- Stay focused and on track. Only post material that’s relevant to the topic being discussed.
- Be respectful. Even negative opinions can be framed positively and diplomatically.
- Use standard writing style. Include punctuation and upper and lower cases.
- NOTE: Spam and/or promotional messages and links within a comment will be removed
- Avoid profanity, slander or personal attacks directed at an author or another user.
- Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
- Only English comments will be allowed.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.